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Rohm (OTCMKTS:ROHCY) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Rohm logo with Computer and Technology background

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.22 and traded as high as $12.84. Rohm shares last traded at $12.60, with a volume of 2,940 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ROHCY. The Goldman Sachs Group cut shares of Rohm from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Macquarie upgraded Rohm from a "strong sell" rating to a "hold" rating in a research report on Monday, March 17th.

Check Out Our Latest Stock Analysis on Rohm

Rohm Stock Performance

The firm has a fifty day moving average of $10.22 and a 200-day moving average of $9.80. The company has a quick ratio of 1.63, a current ratio of 2.56 and a debt-to-equity ratio of 0.34. The firm has a market cap of $5.09 billion, a P/E ratio of -14.82 and a beta of 0.95.

Rohm (OTCMKTS:ROHCY - Get Free Report) last issued its earnings results on Tuesday, May 13th. The technology company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $680.98 million during the quarter. Rohm had a negative net margin of 11.18% and a negative return on equity of 2.45%.

Rohm Company Profile

(Get Free Report)

ROHM Co, Ltd. manufactures and sells electronic components worldwide. The company operates through three segments: LSI, Semiconductor Devices, and Modules. It provides ICs comprising memory, amplifiers and linear, power management, motor/actuator drivers, resistors, clocks and timers, switches and multiplexers, logic, data converters, sensors and MEMS, display drivers, interfaces, wireless LSIs, audio and video products, speech synthesis LSI, and microcontrollers.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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